Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟
by
crypt0kid
on 21/08/2017, 19:51:05 UTC
I have to react to some posts.

First, Counterparty DEX is not "horrendous". Slow speed and high transaction fees make it unwieldy. Not good for active trading. But it is safe to buy or sell tokens there and safe to "leave" your funds there.

Second, no dex can ever fully compete with centralized exchanges in user experience. There is a trade off between ease of use and safety/freedom. Projects that promise everything simply lie.

Third, people who do not care about decentralization should not hold nvo tokens. It makes no sense as an investment. Except very short term

last, it is disgusting to see people begging to be listed on some shitEX.  Any shit is good enough to pump quickly and exit. Yes, you bought on horrendous Counterparty 50% below ICO price, now it is time for a  quick shitEX pump
 

Effectively counterparty is slow but at least it decentralized and that's what i appreciate in counterparty.
About all these questions related to exchanges, we don't want to list the token on a "shitex", and the big exchanges are too busy with BCH and the regulations.
I am thinking about making a small exchange for NVST/BTC on the website untill NVO is ready. Will talk about that will Yani and Ton.





interested in this. but worried about it being for Safe network which it seems unclear if will ever be ready tho? strange decision

They are not working with Safe network anymore. The team has decided to go their own way.

We have already announced that we will stick to our engagements, we said that we will wait to get a final decision about safenet as they still have 3 months. If safenet isn't ready, we will have to go with a different technology as we can't delay the investors, people invested in NVO, not safenet.







The exchanges are actually on a weired situation, most of them are aware of the SEC and the different US regulations, remember what recently happened to BTC-E, even if it haven't started from the SEC at least, they reached them outside borders.
I believe this is why Bitfinex is now refusing US customers. There are more regulations every day, different countries are trying or starting to regulate bitcoin and cryptocurrencies markets, this is a serious limitation for exchange listing. Even the ethereum tokens are under regulation threat.


I think you're in a situation where you can offer service to anyone. A public blockchain app, is it even possible to deny service based on country? Since NVO will be 256 bit encrypted and cold storage client side based, you just have to keep out of countries that want to charge you for running the exchange. As long as your host country is fine with it.

As long as bitcoin is used in X country, NVO will be available, it works the same way.

Nemgun,
I don't believe that you should worry yourself too much about listing NVST. It is on Counterparty and that should be sufficient until the project is ready to be launched. The majority of people invested in NVO are in it for the long term. Those clamoring for listing on other exchanges are simply trying to make a quick dollar. They can't see the long term value of NVO. My thoughts are that you should simply focus on getting the site completed and make it be better than any other DEX. The value will come once the project has been launched. NVO is not getting any press right now. That is the only reason that the price hasn't skyrocketed. And to be honest, you don't want NVO to be pumped and dumped. It is best to grow it organically. That's just my personal opinion.